Interbank Mortgage Rates, Fees & Info

Oklahoma City, OK

LEI: 549300T2PYPUFN0IWJ63

Tax ID: 73-1319566

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Interbank is a smaller bank specializing in Home Purchase loans. Interbank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Dallas, Oklahoma City, Kalispell, Stephenville, and Santa Cruz among others. We have data for 38 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Interbank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Interbank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.76% 4/28/24
    30 Year Conventional Refi 6.54% 4/28/24
    30 Year Cash-out Refi 6.80% 4/28/24
    30 Year FHA Purchase 7.06% 4/28/24
    30 Year FHA Refi 6.27% 4/28/24
    30 Year VA Purchase 6.27% 4/28/24
    30 Year USDA Purchase 6.27% 4/28/24
    15 Year Conventional Purchase 6.46% 4/28/24
    15 Year Conventional Refi 6.99% 4/28/24
    15 Year Cash-out Refi 6.99% 4/28/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Interbank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Interbank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    523

    Origination Dollar Volume (All Markets)

    $435,275,000
    Show all (5) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 87 $320,045,000 $3,678,678 $3,420 5.42%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 107 $25,555,000 $238,832 $3,544 4.86%
    Outside of Metro Areas 157 $23,045,000 $146,783 $2,890 5.33%
    Kalispell, MT (FHA|USDA|VA) 1 $20,795,000 $20,795,000 $0 6.75%
    Stephenville, TX (FHA|USDA|VA) 31 $8,835,000 $285,000 $3,465 5.07%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $4,405,000 $4,405,000 $0 4.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $3,995,000 $1,331,667 $3,349 3.75%
    Granbury, TX (FHA|USDA|VA) 13 $3,195,000 $245,769 $3,900 4.31%
    ENID, OK (FHA|USDA|VA) 33 $3,145,000 $95,303 $3,059 5.23%
    Elk City, OK (FHA|USDA|VA) 22 $2,820,000 $128,182 $2,417 5.44%
    Corsicana, TX (FHA|USDA|VA) 2 $1,980,000 $990,000 $732 5.25%
    Weatherford, OK (FHA|USDA|VA) 19 $1,965,000 $103,421 $3,068 5.41%
    AMARILLO, TX (FHA|USDA|VA) 1 $1,555,000 $1,555,000 $0 5.75%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $1,360,000 $680,000 $0 4.19%
    Stillwater, OK (FHA|USDA|VA) 4 $1,280,000 $320,000 $1,764 4.81%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $1,215,000 $1,215,000 $8,663 6.75%
    Key West, FL (FHA|USDA|VA) 1 $1,155,000 $1,155,000 $0 6.50%
    Jacksonville, TX (FHA|USDA|VA) 10 $1,100,000 $110,000 $0 5.75%
    Mineral Wells, TX (FHA|USDA|VA) 4 $1,070,000 $267,500 $3,532 4.28%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $900,000 $450,000 $5,668 3.94%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $755,000 $755,000 $0 4.00%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $645,000 $645,000 $7,015 5.00%
    ABILENE, TX (FHA|USDA|VA) 2 $630,000 $315,000 $3,769 5.75%
    McAlester, OK (FHA|USDA|VA) 1 $555,000 $555,000 $2,979 6.25%
    Shawnee, OK (FHA|USDA|VA) 2 $460,000 $230,000 $5,093 4.13%
    Borger, TX (FHA|USDA|VA) 2 $440,000 $220,000 $3,525 5.63%
    Port Lavaca, TX (FHA|USDA|VA) 1 $415,000 $415,000 $0 6.50%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $355,000 $355,000 $2,117 4.25%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $285,000 $285,000 $0 4.50%
    Taos, NM (FHA|USDA|VA) 1 $275,000 $275,000 $4,423 3.25%
    Woodward, OK (FHA|USDA|VA) 2 $270,000 $135,000 $2,016 5.75%
    LUBBOCK, TX (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.25%
    TYLER, TX (FHA|USDA|VA) 1 $165,000 $165,000 $1,378 5.00%
    Athens, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.50%
    TULSA, OK (FHA|USDA|VA) 1 $145,000 $145,000 $4,372 3.75%
    Alice, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.00%
    Ruidoso, NM (FHA|USDA|VA) 1 $45,000 $45,000 $0 8.50%
    WICHITA FALLS, TX (FHA|USDA|VA) 1 $25,000 $25,000 $1,005 5.25%
    Interbank's top markets include Dallas, Oklahoma City, Kalispell, Stephenville, and Santa Cruz among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • California (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against InterBank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    WEOKIE
    Similarity Rank: 165
    ALLEGIANCE
    Similarity Rank: 176
    TRUE SKY
    Similarity Rank: 192
    Vision Bank
    Similarity Rank: 300
    Municipal Employees Credit Union of Oklahoma City
    Similarity Rank: 369
    AAXY L.L.C.
    Similarity Rank: 792
    Oklahoma Educators Credit Union
    Similarity Rank: 994
    CWM PARTNERS, L.P.
    Similarity Rank: 1057
    TEXANS
    Similarity Rank: 1170
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1179

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 506 $431,920,000 $853,597 $3,017 5.20%
    FHA 17 $3,355,000 $197,353 $7,052 4.65%

    For 2022, Interbank's most frequently originated type of loan was Conventional, with 506 originations. Their 2nd most popular type was FHA, with 17 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 354 $378,340,000 $1,068,757 $3,625 5.16%
    Refi 62 $11,810,000 $190,484 $2,798 4.79%
    Cash Out Refi 54 $36,410,000 $674,259 $3,005 5.09%
    Home Improvement 28 $5,950,000 $212,500 $1,600 5.67%
    Other 25 $2,765,000 $110,600 $1,866 6.26%

    For 2022, Interbank's most frequently cited loan purpose was Home Purchase, with 354 originations. The 2nd most popular reason was Refi, with 62 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 218 $59,660,000 $273,670 $3,798 4.78%
    15 Year 73 $14,275,000 $195,548 $2,476 5.25%
    Other 65 $199,365,000 $3,067,154 $1,256 5.50%
    5 Year 62 $142,790,000 $2,303,065 $813 5.44%
    20 Year 56 $9,570,000 $170,893 $2,042 5.09%
    1 Year 26 $6,920,000 $266,154 $3,023 5.80%
    10 Year 17 $965,000 $56,765 $1,114 7.28%
    3 Year 6 $1,730,000 $288,333 $0 5.33%

    For 2022, Interbank's most frequently cited loan duration was 30 Year, with 218 originations. The 2nd most popular length was 15 Year, with 73 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 275 $59,485,000 $216,309
    $1k-2k 25 $5,795,000 $231,800
    $2k-3k 14 $4,100,000 $292,857
    $3k-4k 5 $1,875,000 $375,000
    $4k-5k 3 $945,000 $315,000
    $5k+ 3 $1,375,000 $458,333

    Interbank's average total fees were $3,798, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 275 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 163 $135,675,000 $832,362
    5-6% 110 $101,080,000 $918,909
    3-4% 94 $77,270,000 $822,021
    6-7% 77 $100,095,000 $1,299,935
    7-8% 40 $12,040,000 $301,000
    2.5-3% 21 $6,455,000 $307,381
    Over 8% 14 $1,450,000 $103,571
    <2.5% 4 $1,210,000 $302,500

    During 2022, Interbank's average interest rate for loans was 4.78%, while their most frequently originated rate bucket for loans was 4-5%, with 163 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 173 $10,345,000 $59,798 $1,627 5.63%
    $100k-200k 142 $19,990,000 $140,775 $3,031 5.23%
    $200k-400k 118 $32,450,000 $275,000 $4,017 4.72%
    $400k-600k 39 $18,805,000 $482,179 $4,643 4.60%
    $1MM+ 28 $336,960,000 $12,034,286 $5,470 5.33%
    $600k-1MM 23 $16,725,000 $727,174 $5,687 4.75%

    2022 saw Interbank place emphasis on $100,000 or less loans with 173 originations, totaling $10,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 73 $17,485,000 $239,521 $3,213 5.30%
    $75k-100k 59 $10,785,000 $182,797 $3,357 5.13%
    $50k-75k 57 $8,315,000 $145,877 $2,715 4.97%
    $150k-250k 55 $14,805,000 $269,182 $3,288 4.97%
    $50k or less 43 $3,735,000 $86,860 $2,537 5.04%
    $250k+ 33 $18,285,000 $554,091 $4,808 4.85%

    Interbank lent most frequently to those with incomes in the $100k-150k range, with 73 originations. The second most popular income band? $75k-100k, with 59 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 97 $20,225,000 $208,505 $2,839 5.01%
    30-36% 58 $11,630,000 $200,517 $3,413 5.05%
    <20% 49 $12,205,000 $249,082 $2,837 4.65%
    42% 16 $3,960,000 $247,500 $3,386 5.63%
    38% 16 $4,170,000 $260,625 $3,132 4.60%
    41% 16 $3,170,000 $198,125 $3,625 4.88%
    36% 14 $2,940,000 $210,000 $3,053 6.35%
    37% 13 $2,615,000 $201,154 $2,948 6.14%
    40% 13 $3,245,000 $249,615 $3,160 4.89%
    44% 9 $1,535,000 $170,556 $4,209 5.04%
    48% 8 $2,390,000 $298,750 $5,122 4.34%
    43% 7 $2,015,000 $287,857 $3,774 4.59%
    39% 7 $1,215,000 $173,571 $2,937 4.96%
    45% 4 $710,000 $177,500 $1,781 4.66%
    46% 4 $1,250,000 $312,500 $5,294 5.06%
    47% 4 $1,470,000 $367,500 $6,019 3.31%
    >60% 3 $1,315,000 $438,333 $5,168 7.21%
    49% 2 $670,000 $335,000 $4,182 3.69%
    50-60% 2 $1,020,000 $510,000 $2,641 6.50%

    Interbank lent most frequently to those with DTI ratios of 20-30%, with 97 originations. The next most common DTI ratio? 30-36%, with 58 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 124 $351,250,000 $2,832,661 $1,906 5.22%
    White 360 $74,510,000 $206,972 $3,238 5.19%
    Not provided 17 $4,575,000 $269,118 $4,117 4.93%
    Asian 7 $2,155,000 $307,857 $2,423 5.07%
    Black 6 $1,400,000 $233,333 $3,144 5.46%
    Filipino 2 $760,000 $380,000 $4,645 4.19%
    American Indian 7 $625,000 $89,286 $1,554 5.07%

    Approval Rates

    Total approvals of all applications
    90.57%

    Interbank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.28%

    Interbank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    45.55 1 $25,000 $25,000
    NA 522 $435,250,000 $833,812

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    523 $435,275,000 $832,266

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 47 $7,255,000 $154,362 $2,178 5.35%
    40-60% 108 $272,620,000 $2,524,259 $3,256 5.00%
    60-80% 206 $60,540,000 $293,883 $3,336 5.12%
    80-100% 125 $33,625,000 $269,000 $3,911 5.17%
    Under 20% 37 $61,235,000 $1,655,000 $1,516 5.97%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    INTERFIRST MORTGAGE COMPANY Conventional home mortgage Closing on a mortgage 1 100.0%